Posted by: jillw in:
Increases brand portfolio, expands product offerings and broadens retail distribution.
Expected to be immediately accretive to earnings per share.
SALT LAKE CITY–(BUSINESS WIRE)–ZAGG Inc. (NASDAQ: ZAGG) (www.ZAGG.com) announced today the acquisition of privately held iFrogz, Inc. (www.iFrogz.com), a leading mobile device accessories company specializing in lifestyle audio products and protective cases, for approximately $105 million.
“This transaction represents an exciting next step in ZAGG’s evolution, and gives us scale within the rapidly growing protective cases and audio products markets by allowing us to immediately broaden our product line and drive the growth of our retail footprint”.
Posted by: Admin in:
San Francisco (June 2, 2011) – Private equity firm Thoma Bravo, LLC today announced the sale of portfolio company Manatron, a leading provider of property tax automation and land registry software for governments, to Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals. Financial details were not disclosed.
Thoma Bravo acquired Manatron through a take-private transaction in 2008. During the three years of its ownership Thoma Bravo helped Manatron grow organically and led six acquisitions for the Company, which included International Land Systems, Beyond Appraisal, Software Techniques, and Infinitec.
“Thoma Bravo has worked closely with Manatron’s exceptional leadership team over the last three years to substantially increase the value of the company,” said Scott Crabill, a Managing Partner at Thoma Bravo. “We utilized Thoma Bravo’s buy and build strategy to grow Manatron both organically and through strategic acquisitions.”